EURJPY (Daily) Long: Broken Neckline(s), Structure Break, 50 MA

Hello everyone! EURJPY is presenting a very promising long opportunity after it bounces off the trendline AND 50 Moving Average represented in blue. We can also observe a confident bullish candle that broke through the previous level of resistance represented in purple line, which also happens to be the necklines of both Double Top and Double Bottom setups previously formed on the chart. Umm... what's that? You don't see a double bottom? Yes you do! Drop down to lower timeframe, see the area where price touched the trendline recently? Yep, there it is. Double Bottom. And the price just broke through the neckline, and the previous neckline, AND the previous level of resistance! And with strong close, too! Cool, right? Which also mean 121.400 may serve as a strong area of support. I'd pay a close attention to that level, since, y'know... it may bounce and go higher. Cheers!